Richard is responsible for overseeing business development activities, overall strategic direction and management of our Group as well as driving the growth of our business.
Teo Lay Ban graduated with a Bachelor of Science in Computer Science from Indiana University, USA in 1995.
In 1997, he joined Teladan Setia as a Business Development Manager where he worked alongside Datuk Teo Poh Boon and assisted in site selection and land acquisition, which comprised assessing findings of due diligence studies and feasibility studies on land, participating in price negotiations during land acquisition as well as formulation of development concepts, marketing and financing plans. He was also involved in the selection and appointment of contractors and professional consultants to ensure that the property development projects were completed on time, within budget and were of the standard of quality required. Further, he acquired practical experience in planning and managing the financial aspects such as the commercial values of property development projects in terms of budget forecasts and gross development value (GDV) calculations, taking into consideration the gross development cost (GDC), financing requirements, pricing of properties and profitability.
In 2001, he was promoted to General Manager where he oversaw and managed the day to day operations of our business across all departments comprising sales and marketing, conveyancing, project implementation, business development, finance and administration. He was also involved in identifying and analysing new project development opportunities that were in line with our strategic business directions. In 2003, he was appointed as the Executive Director of Teladan Setia where he gradually took on more responsibilities in strategic planning for the development and growth of our Group and took over more responsibilities such as managing acquisition of new land for development, development planning layout, marketing, securing term loans, bridging loans and end-financing from various financial institutions.